Magna International Inc. (MGA) Analysts See $1.73 EPS

July 14, 2018 - By Lisa Delgado

Magna International Inc. (NYSE:MGA) Logo

Analysts expect Magna International Inc. (NYSE:MGA) to report $1.73 EPS on August, 10.They anticipate $0.25 EPS change or 16.89 % from last quarter’s $1.48 EPS. MGA’s profit would be $615.20M giving it 8.66 P/E if the $1.73 EPS is correct. After having $1.84 EPS previously, Magna International Inc.’s analysts see -5.98 % EPS growth. The stock decreased 0.15% or $0.09 during the last trading session, reaching $59.9. About 726,572 shares traded. Magna International Inc. (NYSE:MGA) has risen 43.85% since July 14, 2017 and is uptrending. It has outperformed by 31.28% the S&P500.

Magna International Inc. (NYSE:MGA) Ratings Coverage

Among 10 analysts covering Magna International (NYSE:MGA), 7 have Buy rating, 1 Sell and 2 Hold. Therefore 70% are positive. Magna International had 16 analyst reports since January 16, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, January 17 by RBC Capital Markets. RBC Capital Markets maintained Magna International Inc. (NYSE:MGA) rating on Thursday, February 22. RBC Capital Markets has “Buy” rating and $71.0 target. Citigroup maintained the stock with “Buy” rating in Tuesday, May 22 report. Bank of America maintained the stock with “Buy” rating in Friday, March 16 report. The stock of Magna International Inc. (NYSE:MGA) has “Buy” rating given on Tuesday, January 16 by KeyBanc Capital Markets. As per Friday, January 19, the company rating was downgraded by TD Securities. The rating was downgraded by Morgan Stanley on Thursday, March 22 to “Sell”. BMO Capital Markets upgraded Magna International Inc. (NYSE:MGA) on Monday, May 14 to “Buy” rating. Susquehanna maintained the shares of MGA in report on Wednesday, March 14 with “Hold” rating. The firm has “Buy” rating given on Monday, May 14 by Evercore.

Magna International Inc. designs, develops, and makes automotive systems, assemblies, modules, and components in North America, Europe, Asia, and South America. The company has market cap of $21.30 billion. The firm offers engineering and contract manufacturing services, and fuel systems; electric/electronic components and systems; roof systems comprising softtops, retractable hardtops, modular tops, and hardtops; and closures, including latching systems, hinges and wire forming, power closures, electronics, door modules, window systems engineered glass, sealing, trim and roof racks, roof systems, testing centers, and running boards. It has a 9.64 P/E ratio. It also provides interior and exterior mirrors, actuators, electronic vision systems, door handle and overhead console technologies, and front and signal lightings; complete seating systems, mechanism solutions, seat structure solutions, foam and trim products, and design and development solutions; and fascia and exterior trims, liftgate and exterior modules, front end modules, ACTERO active aerodynamics, and lightweight composites.

More notable recent Magna International Inc. (NYSE:MGA) news were published by: Investorplace.com which released: “Tesla (TSLA) Raises Prices in China as Trade Spat Escalates” on July 10, 2018, also Globenewswire.com with their article: “Magna to Acquire OLSA and Expand Lighting Business” published on June 28, 2018, Seekingalpha.com published: “Magna International: A Dividend Growth Powerhouse” on July 09, 2018. More interesting news about Magna International Inc. (NYSE:MGA) were released by: Fool.ca and their article: “5 Ultra-Cheap Stocks to Buy Right Now” published on July 13, 2018 as well as Fool.ca‘s news article titled: “Trade War Has These 2 Companies Trading at Big Discounts” with publication date: July 12, 2018.

Magna International Inc. (NYSE:MGA) Ratings Chart

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